Chancellor Werner Faymann presented himself restrained yet confident about the extension granted by the Commission regarding the deadline for the winding-down of Hypo Alpe Adria Group.

Because of the limited time of this case, Chancellor Faymann was not able to lead any negotiations about the extension of the time period for the winding-down process of the ailing bank Hypo Group during the EU summit in Brussels this week. However, he expressed his hope that there are good chances the extension will be granted by the Commission. Nonetheless, this would not mean that…